With news wave of sanctions, US targets China’s Belt and Road Initiative, rallies allies and partners
In sanctioning the China Communications Construction Company (CCCC), the United States has launched a precision strike against the Beijing-led Belt and Road Initiative (BRI), adding another layer to the growing animosity between the world’s largest and second largest economy. The CCCC is the spearhead of BRI — a trans-continental connectivity undertaking, meant to anchor China’s rise as an unrivalled great power. The giant enterprise and its subsidiaries are known for taking up massive infrastructure projects, including port development, in highly strategic corners of the globe. But China’s state-owned behemoth, has also courted controversy, ranging from pushing vulnerable countries in the Global South into a debt trap on the behest of the Communist Party of China, to causing environment harm in fragile ecological zones. china news The CCCC made headlines when its subsidiary, the China Harbour Engineering Company (CHEC), became the face of – what feasibility studies had already w...